Indianapolis Business Journal

JANUARY 27-FEBRUARY 2, 2014

This week, Scott Olson reports that downtown soon could have a new concert venue the size of Klipsch Music Center in Noblesville. REI Investments, which co-developed the JW Marriott, is behind the plan, which would incorporate at least part of the former GM stamping plant on the western edge of downtown. Also in this issue, Kathleen McLaughlin details a push by the Indy Chamber to create a commuter tax that would hit outsiders who work in Marion County. And in A&E, sports columnist Mike Lopresti reveals how Carmel High School has been able to create a 27-year dynasty in state girls swimming.

Front PageBack to Top

New concert venue proposed for GM plant site

A concert venue rivaling the size of Klipsch Music Center in Noblesville has emerged as the favorite in a bid to redevelop the former General Motors metal-stamping plant on the western edge of downtown.

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Indy Chamber proposes commuter tax

Indy Chamber is making the case for a commuter tax, arguing that it’s the best way to solve continual fiscal problems threatening to make Marion County, thus the whole metro area, less competitive.

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Top StoriesBack to Top

Riley building statewide physician network

Riley Hospital for Children at Indiana University Health has signed up 200 area pediatricians to be part of its new physician network. The move is the first step in an effort to build a statewide network of doctors that would use the Riley brand.

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Biglari’s Steak n Shake licensing deal stirs up critics

Under the 20-year deal, Sardar Biglari won’t receive royalties if he remains atop the company. But if he were forced out of for anything but malfeasance, or if it were sold, he’d receive 2.5 percent of sales for five years—a sum that could surpass $100 million.

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City, state to scrutinize charter curriculum that questions evolution

A Texas-based education organization with approval to open two Indianapolis charter schools teaches creationism and Christian-based character virtues, according to an article by Slate.com. It has prompted an expedited review of the group’s curriculum by Indianapolis and state education officials.

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Investment firm ties crowd-funding to traditional fundraising

The online investing marketplace Localstake brokered a little more than $1 million in private investments for an Indiana distillery and a solar-heating startup in 2013, through crowd-funding. Instead of receiving a T-shirt or other novelty for their money, as with typical crowd funding, contributors received an actual stake in the business.

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FocusBack to Top

OpinionBack to Top

‘Ag gag’ masks abuse

Indiana’s “ag gag” law was put to rest in the last hours of the 2013 legislative session, but this month on the first day of the new session was introduced again.

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Volcker Rule was regulatory overkill

Ken Skarbeck opined [Jan. 13] that federal regulators should continue to pile more regulation on the financial services industry. Specifically, he faults the American Bankers Association for suing federal banking regulators over implementation of the Volcker Rule of the Dodd-Frank Act.

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Speedy is out of touch

Mike Speedy [Jan. 20 Forefront] needs to travel more. Mass transit in Indianapolis is a social program because IndyGo is underfunded.

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In BriefBack to Top

Ballard, Curry split on gun-violence bill

Marion County Prosecutor Terry Curry opposes a measure that would create a 20-year mandatory minimum sentence for crimes committed with a firearm. Mayor Greg Ballard and his public safety director support it.

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BidPal pushing beyond mobile bidding

The company’s new fundraising suite offers an array of services not-for-profits can use throughout the year, versus the one-time event help BidPal began offering in 2008.

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